| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $166M | $161M | $158M | 3.4% | 5.4% |
| Op. Income | -$29M | -$31M | -$27M | 9.2% | -6.0% |
| Gross Margin | 17.9% | 17.4% | 18.1% | 0.5pp | -0.2pp |
| Net Margin | -15.1% | -18.0% | -16.5% | 3.0pp | 1.5pp |
| EPS (Diluted) | $-0.21 | $-0.25 | $-0.23 | 16.0% | 8.7% |
| Free Cash Flow | -$32M | -$23M | -$12M | -41.4% | -179.1% |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $30M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $38M |
| SG&A Expenses | $38M |
| Other Expenses | $20M |
| Operating Expenses | $58M |
| Cost & Expenses | $195M |
| OPERATING INCOME | -$29M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $90.0K |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $17M |
| EBIT | -$25M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $90.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$256.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $184M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $2M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $206M |
| PP&E (Net) | $561M |
| Goodwill | $36M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $628M |
| TOTAL ASSETS | $834M |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $105M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $451.0K |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $297M |
| TOTAL LIABILITIES | $402M |
| Common Stock | $118.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$900M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $433M |
| Minority Interest | $0 |
| TOTAL EQUITY | $433M |
| TOTAL LIABILITIES & EQUITY | $834M |
| Total Debt | $329M |
| Net Debt | $146M |
